Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Charming Town Centre Tea Rooms Leasehold For Sale

Stratford upon Avon, Warwickshire
Asking Price:
£149,500
Turnover:
£301,000
Net Profit:
£36,000

The property occupies a prominent location on the busy High Street in Stratford upon Avon.

The property comprises a three-storey black and white timber framed building dating back to 1610 which has been modernised over the years but retains many attractive features and a wealth of exposed original timber work. The premises are fitted out to a high standard.

The accommodation comprises a ground floor retail area with seating for approximately 20 covers, door to the fully fitted kitchen and bakery, separate door to attractive rear garden for approximately 50 covers with male and female WC’s. On the first floor there are further seating areas with capacity for 50 covers. On the second floor there is a further seating area with capacity for 20 covers, general office and male and female WC facilities.

Hathaway Tea Rooms has been trading since 1931 and is Stratford’s oldest tea room. There has been substantial investment in the fabric of the building over recent years and in the business. In addition to an upgraded kitchen there is a separate bakery area which offers the opportunity to supply other businesses in the town to increase the turnover. The current business has a close relationship with coach parties visiting the town and this again offers further development. Total covers inside 90 approx.

Opening Hours:
Monday – Friday 9.30am – 5.30pm
Saturday 9.00am – 6.00pm
Sunday 10.00am – 5.00pm

Sunday is the second best day of trading.

Annual net turnover Y/E 31.05.17 £301,000.

Net profit before depreciation c £36,000.
Further financial information is available on request.

The premises are held on the balance of a 15 year lease from 19 April 2011. The rent review due in 2016 has been put back to 2018. There is a further review in 2021.

Rent - £27,000 per annum exclusive.

Sale Price - Offers in the region of £149,500.

More information available upon request, please contact seller below for further details.

Property information

Property:

Leasehold

Energy Performance Rating:
E  View EPC Graph for this property

Contact Information

    1. Your Address

    2. Optional
  1. Optional

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to the seller of this business. Find out more about what we do with your information in our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here